The median condominium sales price across the Washington region during the second quarter stood slightly above, and increased at a rate slightly higher than, its national counterpart, according to new figures from the National Association of Realtors.
The median sales price for condos that went to closing in the April-May-June period was $365,000, up 1.1 percent from $361,000 during the same period a year ago.
That compares to a national median sales price of $353,900 for the quarter, which was up 0.8 percent from a year before.
The message was more mixed when considering the broad geographic areas of the country:
• The median sales price of $408,700 in the Northeast was up 4.4 percent from a year before.
• The median sales price of $250,300 in the Midwest was up 3.1 percent.
• The median sales price of $298,500 in the South was down 0.6 percent.
• The median sales price of $486,000 in the West was down 4.7 percent.
For the Washington-region, the median annual sales prices in the condominium segment were $326,200 in 2020, $338,200 in 2021 and $346,100 in 2022.
